Can you claim home improvements on taxes?

Answer According to the Internal Revenue Service (IRS), a home improvement is a project that adds additional value to your home, such as a new pool, new windows or even an add-on room.Loan InterestIf you ... Read More »

Top Q&A For: Can you claim home improvements on taxes

Can you claim Condo fees as home improvements?

Condominium assessments are paid by owners to support the operation of the condominium community. Assessments pay for professional services, maintenance and contributions to reserves. You can revie... Read More »

What can I claim on my taxes for a home?

Homeownership has some advantages over renting, one of the most important being preferential treatment in the tax code. The government views broad homeownership as a key to maintaining stable commu... Read More »

Do I Have to Claim a Second Home on My Taxes?

When it comes to saving taxes with deductions, the Internal Revenue Service never forces you to claim it even though you are eligible. Therefore, if you have a second home, there is no requirement ... Read More »

What Can You Claim As a Home on Your Taxes?

Although your primary residence provides a valuable income tax advantage, you can claim more than one home for some purposes. The tax effect of claiming homes other than your principal dwelling dep... Read More »